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The grand strategic plan of Makro, the wholesale supermarket chain dedicated to the hospitality customer, is to reach a turnover of 3 billion by 2030. With this objective in mind, the company is gradually approaching its goal, having closed last year’s financial year with a record turnover of 1,642 million, an increase of 12%.
At the same time, its net profit soared by 60% year-on-year, to 14.6 million, partly as a result of its investment of 12 million euros in 2023 dedicated to improving its centers and measures to reduce the environmental impact of its activity.
During the presentation of the annual results, the CEO of Makro Spain, David Martínez, justified these record revenues with inflation and the consequent market recovery. However, he believes that growth will slow down this year, when inflation is already being contained and prices are falling for some specific products.
Martínez now anticipates a good season with the boost from summer tourism and the hotel and catering industry. Therefore, he believes that 2024 will be better than 2023, despite price falls.